Sumitomo Mitsui DS Asset Management Company Ltd Raises Stake in Philip Morris International Inc. $PM

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Philip Morris International Inc. by 18.2%, owning 326,748 shares valued at approximately $59.5 million after acquiring an additional 50,228 shares in Q2.
• Several other institutional investors have also boosted their holdings in Philip Morris, leading to 78.63% of the company's stock being held by institutional investors.
• Philip Morris reported Q2 earnings of $1.91 per share, surpassing estimates, but with revenues of $10.14 billion falling short of the expected $10.33 billion.

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 18.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 326,748 shares of the company's stock after buying an additional 50,228 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Philip Morris International were worth $59,511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Linscomb Wealth Inc. raised its stake in shares of Philip Morris International by 3.3% in the first quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock valued at $13,207,000 after buying an additional 2,669 shares during the period. Mackenzie Financial Corp lifted its holdings in Philip Morris International by 7.3% during the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock valued at $568,873,000 after purchasing an additional 242,799 shares during the last quarter. 49 Wealth Management LLC increased its stake in shares of Philip Morris International by 79.0% in the first quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock worth $847,000 after purchasing an additional 2,354 shares in the last quarter. Cortland Associates Inc. MO raised its position in shares of Philip Morris International by 704.0% in the first quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock valued at $22,690,000 after purchasing an additional 125,171 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Philip Morris International by 24.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock valued at $69,695,000 after buying an additional 87,631 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PM. Jefferies Financial Group started coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective on the stock. Bank of America upped their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. upped their price target on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Finally, Barclays lowered their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Philip Morris International has an average rating of "Moderate Buy" and an average target price of $184.91.

Philip Morris International Stock Up 2.0%

PM stock opened at $166.17 on Thursday. The firm has a market capitalization of $258.66 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The company has a fifty day simple moving average of $167.98 and a two-hundred day simple moving average of $167.83.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. The business's revenue for the quarter was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.

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